- Nassef Sawiris and Wes Edens bought a majority stake in Aston Villa in 2018
- Sawiris, reportedly worth £6.35 billion, is Egypt’s richest man and could move
- Listen to It all starts! Jack Grealish shouldn’t be allowed to drift away from Man City… he will be sold this summer if things don’t change
Aston Vila’s owner Nassef Sawiris, Egypt’s richest man, is reportedly considering leaving Britain behind.
Sawiris bought a controlling 55 percent stake in Villa with fellow billionaire Wes Edens in 2018 when the club was in the Championship.
He lives in London and is sometimes seen at away games when Villa play in the capital.
In December 2023, he announced his intention to ‘relocate’ his NNS Group family offices from London to the international financial center of Abu Dhabi Global Market (ADGM).
He also resigned as a director at NNS Advisers Ltd in November, according to Companies House, although the office is still based in London.
Now Bloomberg reports that the 63-year-old is considering leaving Britain behind due to tax changes being introduced under the Labor government.
Aston Villa’s billionaire owner Nassef Sawiris is reportedly considering leaving the UK
Sawiris (right) bought a controlling 55 percent stake in Villa together with Wes Edens (left) in 2018
His ownership has seen Aston Villa rise from the Championship to the Champions League
Sources told the Financial Channel that he may change his mind, but that he has explored the US and other European countries as possible destinations for relocation.
His net worth is estimated at around £6.35 billion Forbes.
Sawiris is one of the club owners who sympathize with Manchester City in their battle against the Premier League due to the sponsorship rules.
Last year, 16 Premier League clubs voted to change sponsorship rules, but City and Villa were among those who voted against the change.
A crunch summit in London voted on changes to the regulations on associated party transactions (APTs), which the league had drawn up following a legal challenge from City, which found parts of the previous rules were unlawful.
City had warned that the competition was rushing through the amendments, urged clubs to vote against them and threatened legal action if they were adopted.
Villa wrote in an email to all top parties ‘strongly recommending’ that the proposed vote be postponed, just days after City also called for the vote to be postponed.